Brokerages forecast that Navient Corp (NASDAQ:NAVI) will report $304.67 million in sales for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Navient’s earnings, with the lowest sales estimate coming in at $290.00 million and the highest estimate coming in at $321.00 million. Navient posted sales of $329.00 million in the same quarter last year, which indicates a negative year over year growth rate of 7.4%. The company is expected to announce its next quarterly earnings results after the market closes on Tuesday, April 23rd.

On average, analysts expect that Navient will report full-year sales of $1.19 billion for the current fiscal year, with estimates ranging from $1.14 billion to $1.29 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $1.09 billion, with estimates ranging from $1.04 billion to $1.17 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that cover Navient.

Navient (NASDAQ:NAVI) last issued its earnings results on Tuesday, January 22nd. The credit services provider reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.11. The business had revenue of $307.00 million during the quarter, compared to analyst estimates of $315.67 million. Navient had a return on equity of 14.08% and a net margin of 7.04%. During the same period in the prior year, the company posted $0.43 earnings per share.

A number of research analysts recently commented on NAVI shares. Zacks Investment Research lowered Navient from a “buy” rating to a “hold” rating in a research note on Thursday, January 3rd. BidaskClub upgraded Navient from a “strong sell” rating to a “sell” rating in a research note on Saturday, January 5th. JPMorgan Chase & Co. upgraded Navient from an “underweight” rating to a “neutral” rating and cut their target price for the company from $13.00 to $12.00 in a research note on Wednesday, January 16th. Oppenheimer restated a “hold” rating on shares of Navient in a research note on Friday, January 25th. Finally, ValuEngine upgraded Navient from a “strong sell” rating to a “sell” rating in a research note on Tuesday, February 19th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $14.55.

A number of large investors have recently made changes to their positions in NAVI. Oregon Public Employees Retirement Fund grew its position in Navient by 781.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 907,606 shares of the credit services provider’s stock valued at $103,000 after acquiring an additional 804,586 shares during the period. BlackRock Inc. grew its position in Navient by 3.3% in the fourth quarter. BlackRock Inc. now owns 23,806,736 shares of the credit services provider’s stock valued at $209,740,000 after acquiring an additional 763,973 shares during the period. Southside Capital LLC bought a new stake in Navient in the fourth quarter valued at $6,105,000. Robeco Institutional Asset Management B.V. grew its position in Navient by 32.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 2,493,502 shares of the credit services provider’s stock valued at $21,993,000 after acquiring an additional 606,721 shares during the period. Finally, Man Group plc grew its position in Navient by 36.5% in the third quarter. Man Group plc now owns 2,057,395 shares of the credit services provider’s stock valued at $27,734,000 after acquiring an additional 549,627 shares during the period. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Shares of NASDAQ NAVI traded down $0.15 during trading hours on Friday, reaching $12.27. The stock had a trading volume of 937,059 shares, compared to its average volume of 1,922,595. The company has a current ratio of 17.67, a quick ratio of 17.67 and a debt-to-equity ratio of 26.37. The firm has a market capitalization of $3.02 billion, a price-to-earnings ratio of 5.87, a PEG ratio of 2.06 and a beta of 2.29. Navient has a twelve month low of $8.23 and a twelve month high of $15.02.

About Navient

Navient Corporation provides asset management and business processing services to education, health care, and government clients at the federal, state, and local levels in the United States. The company operates in three segments: Federal Family Education Loan Program (FFELP) Loans, Private Education Loans, and Business Services.

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Earnings History and Estimates for Navient (NASDAQ:NAVI)

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